Chart of the day

Posted: 7 April 2017 in Uncategorized
Tags: , , , , ,

fredgraph

The latest jobs report by the Bureau of Labor Statistics has the official unemployment rate declining by two percentage points, to 4.5 percent, in March.

And yet, as is clear from the chart above, workers’ wages (average hourly earnings of production and nonsupervisory workers) are barely keeping ahead of inflation (measured by the Consumer Price Index, less food and energy).

Workers are still waiting for their share of the current recovery.

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